XEM Being added to Abra causing the pump? And buy the pullback?NEM Gets Added to Abra
Abra is known to be one of the most cost-effective digital wallet applications, and getting listed on this payment service provider makes a big deal for any crypto. That is how NEM became a part of a total number of cryptos that are available on Abra digital wallet.
NEM has been added a couple of days ago along with four other currencies, which means that all Abra users will now be able to buy and sell NEM, Monero, Verge, NEO, and Lisk.
Abra stands for one of the most cost-effective ways of keeping, buying and selling cryptos because this digital wallet app doesn’t ask for a deposit. In addition to this case, Abra also takes no charging fees for the trading of the listed digital assets. Altogether, these features make Abra a pretty desirable crypto service provider.
With Abra, all listed coins have, in a way, gained an advantage in oppose to their peers, simply because Abra makes it pretty easy to trade with cryptos, which means that users who are having difficult time finding their way around exchanges, will find Abra pretty easy to use as it is made to be user-friendly ultimately. Simultaneously, NEM, along with other currencies is getting a higher exposure which contributes to the accessibility of the coin.
NEM Joins Hands with Paytomat
Another great addition to NEM team is the most recent tie-up of Paytomat and XEM coin. Although this conjoining means that NEM will get more on its value; Paytomat has even greater interest in NEM and its technology. In case you haven’t heard about Paytomat, it is a payment service provider specialized in dealing with cryptocurrencies.
While NEM is supposed to get a hold of mass adoption with Paytomat, which would consequently increase its value, Paytomat is looking to find a perfect network to support their future ventures. That is how they concluded that NEM makes up for the ideal choice based on what they are looking for in a digital asset.
Paytomat is based in Ukraine with Yurii Olentir as the head of the team. As their CEO, Olentir has stated that Paytomat is looking for a platform that would be able to provide fast processing time along with low fees for every transaction made on the platform. In addition to these features, Paytomat is looking for a platform that has a strong dev team behind it as well as a potential for scalable infrastructure. Yurii Olentir also stated that NEM’s features match all the requirements for the venture Paytomat is planning on going through.
Further on this matter, Paytomat’s CEO claims that he had used XEM coins for paying for his coffee on one occasion. As he said, this assured him that NEM is ready for the mainstream waters. With this joining of forces, Paytomat should become a more functional platform for making fast transactions while NEM will get to enter a new phase of mass adoption.
How is NEM doing at the Current Moment?
NEM (XEM) is following up with the current trend in the market, which means that this coin is being traded in the green against the dollar, along with the majority of other currencies.
Dealing among top 20 cryptos with the ranking of the 14th best currency according to the global coin ranking list, XEM had another rise today, trading up in the green against the dollar by 4.30%.
In addition to this rise, XEM is also going up against BTC, which means that this coin is doing slightly better in the market at the current mo
NEM
A long-term trading opportunity to buy for NEMUSD !Technical analysis:
.NEM/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.298 to 0.195). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.298)
.Ending of entry zone (0.195)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.439
TP2= @ 0.655
TP3= @ 0.850
TP4= @ 1.169
TP5= @ 2.147
TP6= Free
Another one dump.Seems to be endless, but testing of longterm trendline @logarithmic chart should give here some support, if not 10cents is imminent (or around it). Last buy signal from RSI gave some bounce but move from 20cents to 40+cents is a small correction in this downtrend. XEM reacts of course more nervous than BTC to dumps in the wide scene of cryptomarkets.
My view however is unchanged. NEM will surge from his dips. Maybe even in this year if not in the next. Cup&Handle formation can be formed much longer, as it was in case of BTC.
NEM Downside CorrectionNEM has reached the high at $0.46 and then formed a strong resistance at the 76.4% Fibonacci retracement level, which is $0.44. The resistance has been rejected for tree consecutive times suggesting the corrective move down.
XEM/USD first downside target is seen at $0.34, where resistance was formed back on the 20th of March. Second support is based at 23.6% Fibs, that is $0.27 and this is the area where the 200 Moving Average was broken. It is important to watch these resistance levels for either a rejection of a breakout, but only break and close below the $0.27 could be a confirmation of a downtrend continuation.
On the upside, clearly the resistance at $0.44 in general and $0.46 level in particular must be broken, with the daily close above it. In that case the uptrend is likely to continue and could result in exponential growth.
There is a possibility for the beginning of uptrend in NEMBTC .Technical analysis:
NEM/BITCOIN is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 41.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested support zone (0.0000390 to 0.0000287). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0000390)
Ending of entry zone (0.0000287)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000476
TP2= @ 0.0000578
TP3= @ 0.0000700
TP4= @ 0.0000828
TP5= @ 0.0000957
TP6= @ 0.0001370
TP7= Free
There is a possibility for the beginning of uptrend in NEMBTC .Technical analysis:
NEM/BITCOIN is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 41.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested support zone (0.0000390 to 0.0000287). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0000390)
Ending of entry zone (0.0000287)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000476
TP2= @ 0.0000578
TP3= @ 0.0000700
TP4= @ 0.0000828
TP5= @ 0.0000957
TP6= @ 0.0001370
TP7= Free
XEMBTC - XEM NEM GEM - 32% easy gain, Risk/Reward 1:8Good day ladies and gents,
I wanted to wait til (4) was done to give you this easy win. Wave (3) was exactly 2.618 of (1) so (5) likely will be 3.618 within the same projection. (4) was a perfect 1 to 1 ABC zig zag that corrected to 50% retracement of (3). We should expect wave (5) to target the 5300 range.
Entry Above 200MA for the 4hrs
Stop below 3900
Target 4500 - 5300
R/R ratio: 1:8
Good luck and stay safe!
Kinashi San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
XEMBTCThe coin is in a long consolidation, I think that there is accumulation of positions for further growth
target 6000
Will NEM (XEM) Maintain Its Undercover Status?NEM (XEM) is known as a dark horse in the crypto community and for good reason. Despite its position as the 14th largest coin by market cap (which used to be a lot higher), very few investors actually know and understand what this cryptocurrency is all about. The coin owes its rankings to an ever increasing interest from Japan. According to Coinmarketcap.com, XEM/JPY pair accounts for more than 40% of its trade volume. Next in line is XEM/BTC at 15% and XEM/KRW at 12.5%. This means that a combined total of more than 67% trade volume is from Asia.
Read Detailed Anaysis Here: cryptodaily.co.uk
Weekly review of 10 major cryptocurrencies 23.04.18 - 29.04.18Last week the main cryptocurrencies continued to rise. Bitcoin rose and fixed above $ 9000. Its share in total capitalization decreased to 37.2%.
The number of billionaire-coins grew to 29, and their total number (according to coinmarketcap.com) increased to 1589.
The total capitalization of cryptocurrencies increased to $ 426 billion.
Bitcoin rose by 7% from $ 8790 to $ 9400 over the last week, the maximum rate was $ 9670.
The growth continued over the fast moving average and has already made half of its way to the resistance around slow moving average ($ 10500 this week) of weekly chart.
Until overcoming the rate of $ 11000, long-term technical picture remains bearish.
Ethereum increased by 11% from $ 621 to $ 690 over the past week, its maximum was $ 720.
Reaching the rate of $ 740 is now even more likely. If the rate overcomes this key level, the long-term picture will become positive. In the meantime, this growth is only the correction to the previous decrease.
Ripple (XRPUSD) over the last week grew by 1% from $ 0,86 to $ 0,87, the maximum rate was $ 0,99.
The growth has reached a key resistance zone of $ 0.9-$ 1.
This zone overcoming will be a technical signal of the beginning of a new big wave of growth. Until then, the resumption of the decline is more likely.
BCHUSD grew by 20% from $ 1191 to $ 1440 over the last week, its maximum was $ 1578.
The attempt to overcome the key resistance area of $ 1400 - $ 1600 began.
If the rate of $ 1600 is overcome, long-term growth is likely to happen.
Litecoin grew by 4% from $ 147 to $ 153 over the past week, the maximum rate was $ 171.
The growth of the rate stalled before the key resistance zone of $ 150-$ 180. In case the zone is overcome, the future growth is most likely to happen. Until then, it is more likely that the price will fluctuate between $ 100 and $ 180.
IOTA for the week grew by 1% from $ 2 to $ 2,03, maximum being at $ 1578.
The growth stopped near the upper limit of the range of about $ 2.2.
If this key level is overcome, further increase is technically more likely.
NEO during the last week increased by 22% from $ 74 to $ 90, with its maximum at $ 94.
The growth is trying to overcome the key area of $ 80- $ 90 and turn a short-term rebound into a long-term trend.
While the rate is below $ 90, further long-term decline is more likely.
Monero was adjusted down by 5% from $ 269 to $ 255, maximum being at $ 299.
The medium-term decline is stopped. Now the zone around $ 280 is the key one between sideways and rising trends. The bottom up support seems to be above $ 200.
DASH during the week grew by 6% from $ 469 to $ 498, its maximum rate was $ 572.
The rate broke out of the consolidation of the falling trend upwards.
However, the resumption of long-term growth can be possible only after overcoming the resistance area of $ 600 - $ 800.
NEM grew by 13% from $ 38 to $ 43 over the past week, its maximum was $ 47.
The growth slowed down between fast and slow moving averages.
Further consolidation between $ 0.3 and $ 0.6 is more likely.
Wish you profitable deals!
And follow our reviews.
XEM/BTCEnter 1: 0.00004800
Enter 2: 0.00005000
Stop Lost: 0.00003960
Take profit 1: 0.00007000
Take profit 2: 0.00008000
Take profit 3: 0.00010000
XEMBTC road to 7000sats - Alternative Elliot WaveHey guys,
This seems rather clear, NEM/XEM has succesfully passed the resistance on latest downtrend after the impulsive wave upwards - the support upwards is growing and the only possible stop to this I see is a BTC beatdown, if that doesnt happen, I see this as possible alternation within an impulse elliot wave. We are just finishing the First wave up and correction to that and ready to begin with the 2nd wave up.
Most times when market resistance starts decreasing downward the only way is up - and the other way around. Get in to trade and ride the current uptrend and if we fall under you might consider selling, but anyhow now is a good spot to enter a possible very sweet ride. :)
Cheers!
NEM : the targets XEMUSD daily
target 1 - 58-64
target 2 - 84-92
Coinspark: XEM will be tradeable in April
Catapult Release: version 2.0 of NEM in May
BullishNow that the CoinCheck incidence is behind us we can start to see more organic chart-patterns in NEM.
Due to market manipulation by the hacker, we can see how artificially out of trend NEM became. I suspect if it wasn't for the hack we would've at least fully tested the resistance in the small up-trend during the incident. Vertical red bars represent start and end of incident.
Almost exactly after the end of the incident we immediately started seeing a recovery.
I believe we're going to come down and retest the support on the cloud (2), break through the triangle resistance while simultaneously going end to end on the cloud (3). Either coming back to retest the cloud (4), or triangle trend line before continuing the bullish trend. You'll also notice the cloud is tightening so we may see a flip in the coming days.
RSI trending down from overbought.
Overall bullish, but I think NEM may dip for a couple days for that retest. Opening new positions is ill-advised as we are currently in the cloud. If you're looking to take a long position, it may be best to wait for (4) confirmation.
Obviously not financial advice.
NEM turned and confidently grows. Buy.Nem exited the drift, which we wrote about in the last review and started a confident growth.
The drawn reversal pattern on the daily chart, the buy signal from MAcross and the slow moving average moving upwards - all factors speak of the change of the medium-term trend to growth.
From the minimums, the rate has grown by 100%. However, even technically, within the framework of correction, it can grow by + 100%. If it is a new big wave of growth, or at least an attempt, the goals are much higher.
It is not very clear where to put stops on long positions to protect against false triggering and, at the same time, limit losses in case of an unsuccessful entry.
Short-term stop now appears under $ 0.30. Medium-term and long-term only under $ 0.2.
Profitable deals and follow our reviews!
NEM is ready to rock!Japan's 2nd biggest crypto currency is one of the first crypto's to bounce on the new bullish outlook for crypto.
Target for first sell is 0.00007300
Rebuy @ 5700
2nd Target sell is 0.00010500
XEM time to buy?you have 3 possible good entries , it is clear on the chart.
wait for a triangle break out or buy at support trend / line.
Weekly review of 10 major cryptocurrencies 09.04.18 - 15.04.18Last week, the main cryptocurrencies continued and accelerated their recovery. Bitcoin rose and fixed above $ 8,000. Its share in total capitalization decreased to 42.1%.
The number of billionaire-coins grew to 24, and their total number (according to coinmarketcap.com) increased to 1568.
The total capitalization of the market increased to $ 328 billion.
Bitcoin for the week rose by 19% from $ 7,020 to $ 8,350, maximum being at $ 8,450.
Recovery of the exchange rate from support at $ 6000 accelerated, trading volumes increased. However, the growth was limited to the fast moving average of weekly chart ($ 8,600 this week).
If the rate is able to break above $ 8600, then it is possible to recover to $ 11,000.
However, even then the long-term technical picture will remain bearish.
Ethereum for the week soared by 33.5% from $ 400 to $ 534, maximum being at $ 534
Support at $ 360 worked and deployed the market. The growth can continue up to $ 600 or even $ 740.
However, as long as the rate is less than $ 740, further long-term decline is more likely.
Ripple (XRPUSD) for the week soared by 39% from $ 0.50 to $ 0.69 maximum being at $ 0.72
The rebound is rapid, but at low volumes. The growth pulse may as well suffice to $ 0.90
However, while the price is less than $ 0.90, further long-term downgrade is more likely.
BCHUSD for the week increased by 20% from $ 653 to $ 781, maximum being at $ 787
Consolidation in the range after falling to the medium-term support level.
While the price is less than $ 1200, further long-term downgrade is more likely.
Litecoin grew by 12% from $ 118 to $ 132, maximum being at $ 138
Consolidation near the 2018 minimums.
Further long-term decline is more likely.
NEO soared by 45% from $ 49 to $ 71, maximum being at $ 72
Support at $ 45 has expanded the market to growth. At the same time NEO is among the leaders by the increase rate for the week.
However, it is unlikely to overcome the resistance at $ 85 for now
While the rate is below $ 85, further long-term decline is more likely.
IOTA soared by 64% from $ 1.025 to $ 1.67, maximum being at $ 1.70
The $ 1.1 support area still managed to expand the market. The growth is impressive and at a multiply increased volume.
It seems that the fall was stopped and the rate returned to the range of $ 1.1- $ 2.2.
NEM soared by 53% from $ 23.5 to $ 36, maximum being at $ 36
An impressive breakthrough of the slow moving average. Nem is no more an outsider in the top-10 cryptocurrencies.
Further consolidation between $ 0.3 and $ 0.6 is likely.
Monero grew by 16% from $ 174 to 201 maximum being at $ 205.
Consolidation near the 2018 minimums
While the rate remains below $ 230, further decline is more likely.
DASH grew by 22% from $ 312 to $ 382, maximum being at $ 394
Consolidation within the autumn range of $ 220- $ 400.
Further long-term decline is more likely.
Profitable deals and follow our reviews!
NEM is Now Listed on BinanceJust a few hours ago NEM coin has been added to Binance and XEM/BNB, XEM/BTC, and XEM/ETH trading pairs are now available for trading. This news certainly can add trading volume for this coin and potentially boost the upside momentum that seems already started.
After a strong correction for the 13.5k satoshis high, currently, XEM/BTC is trading at 3750 satoshis, which could seem an attractive and cheap price for investors. Technically, XEM/BTC trend remains upwards as the 227.2% Fibonacci channel trendline has been broken on a daily chart. The two Fibs applied to the corrective waves after the downtrend trendline breakout point to the 21k satoshis as an upside target, which is almost 500% potential gain. While NEM is trading above 2440 satoshis support the uptrend is likely to begin.
However, break and close below the support could send price back to 800 satoshis and/or extend the consolidation period prior to the uptrend.
XEMBTC NEM Big move ahead!NEM is making all the right moves!
Things to note:
moving average cross in small purple circle presently coming.
ABOVE THE 20/50 period moving average!
RSI high on daily and can go higher according to past.
Look at December on the left. The moving average cross and high RSI did well. This might pan out same now.
What happened on March 10-12th? The 50 moving average acted as resistance and the 20 was below 50 so it was a clear bear market.
I drew fan lines for resistance. Check out John J. Murphy's TA book on this. I excpect to consolidate and restest the highest fan line resistance. IF WE BOUNCE OFF THE 20-50 to the upside bear market is over and moon boots time!
WHAT'S DIFFERENT THIS TIME????
VOLUME. Volume is second in importance next to PRICE in TA. We had a HUGE boost in volume to kick off the rally, right now it is anemic in comparison. If we break through the .618 fib level then everyone might wake up to this.
Red lines are support that is now resistance...
